Flow vs Other L1s (II)

    How does Flow compare to other L1s in terms of user retention? Is a user who made a transaction previously likely to make another transaction a week or a month later? Compare and contrast this type of activity vs other L1s like Solana and Ethereum

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    INTRODUCTION

    Flow was developed by Dapper Labs, which aims to solve the congestion problem of blockchain for games and interactive applications. Depper now uses Flow for all of his projects, such as NBA Top Shot; But other developers can also work on it.

    Flow is designed as a foundation for Internet-scale applications and protocols that require user experiences. This project was created by the CryptoKitties team and has many collaborations with large companies. With Flow, the team behind Cryptokitties is looking to build a new platform that will allow these types of apps to attract more users.

    Flow Dapper protocol now allows users to build all kinds of applications and crypto businesses on it. Applications that are based on this protocol enable their users to have control over their data and can even create new digital assets and trade in global markets.


    We will compare Flow with other L1s based on the retention of users and the activity.

    At First let's view the users of Ethereum & Solana into the following two activities apart from a general transaction- Swap & NFT sales.

    Based on this we will see how many users belong to each activity.

    Although the number of transactions and users in each chain are not comparable and certainly Ethereum has the largest share in this measurement, it is clearly seen that the number of transactions in each network is more than NFT buyers or swappers.

    • The 88% of FLOW users have done more than 1 transaction.
    • Ethereum users have executed 1 transaction are more than users that have done more transactions and this may be due to the high gas of transactions.
    • About 60% of Solana users have done more than 1 transaction.
    • After executing transaction on FLOW most of the users return to made another one and it demonstrate the popularity and adaptability of FLOW blockchain over other L1s.

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    • In these three networks, most users preferred to make another transaction in the first transaction experience in that network, which seems interesting in its own way.
    • The second group of large users of FLOW and Solana have came back under 1 week to made another transaction but for Ethereum, near 20% of unique users have came back over 1 month from their first transaction.
    • The interesting thing is that Blockchain Flow has made users make repeated transactions on the very first day of their user experience with this network.